Answer:
Explanation:
The preparation of the post-closing trial balance is presented below:
Hilltoppers Corporation
Post-closing trial balance
Particulars Debit Credit
Service revenue $14,600
Cash $3,600
Accounts Payable $1,600
Utilities expense $2,600
Salaries expense $9,600
Equipment $15,600
Common stock $12,000
Retained earnings $4,400
Dividend $1,200
Total $32,600 $32,600
Answer:
Option (B) is correct.
Explanation:
The Journal entry is as follows:
Interest expense A/c Dr. $625
Note payable A/c Dr. $1791.60
To cash $$2,416.60
(To record the first month’s payment on January 31, 2021)
Working notes:
Monthly interest expense:
= (Note payable × Interest rate per annum) ÷ 12 months
= ($125,000 × 6%) ÷ 12 months
= $625
Note payable = $2,416.60 - $625
= $1,791.60
A crazy girlfriend can be more understanding by them not acting so crazy, jealous and mad.
The appropriate response is Daily Compounding. Progressive accrual is the expansion important to the key total of an advance or store, or as it were, enthusiasm on intrigue. It is the aftereffect of reinvesting premium, instead of paying it out, so that enthusiasm for the following time frame is then earned on the chief total in addition to the already gathered premium.
Answer:
- Don't Chew Gum
- Listen Attentively
- Sound Enthusiastic and Sincere
- Use proper language and enunciate clearly
Explanation:
(Avoid Clarifying vague questions might be an answer but not sure. I'm sorry if I am wrong)